
08 Dec Facebook Libra stablecoin project to launch in January 2021
The exact launch date was not mentioned as Libr awaits final regulatory approval from the Swiss Financial Market Supervisory Authority, or FINMA, to operate as a payments service.
In June of 2019 Libra Association has announced the launch of the project but faced many regulatory and judiciary hurdles along the way.
According to the Financial Times, several Libra members believe that the appointment of HSBC legal chief Stuart Levey as chief executive was a turning point for the Libra project.
For more information: https://www.unlock-bc.com/news/2020-11-27/facebook-libra-stablecoin-project-to-launch-in-january-2021